12/31/2021 and 3 million shares at 12/31/2020 (81 million) (59 million) total shareholders’ equity $ 774 million $ 603 million h

Question

Hunter-Best [27]

1 year ago

6

12/31/2021 and 3 million shares at 12/31/2020 (81 million) (59 million) total shareholders’ equity $ 774 million $ 603 million h

ow many of levi's common shares were outstanding on 12/31/2020

Mathematics

1 answer:

kkurt [141] · Answer 1 · 2024-02-28T01:40:34+03:00

The number of Levi's common shares that were outstanding on 12/31/2020 is 16,000,000 shares.

<h3>What is an Outstanding common shares?</h3>

This refers to the number of shares of common stock that a company has issued to investors and company executives.

Total common shares

= $95million / $5 par shares

= 19 million shares

Outstanding common shares = 19 million shares - 3 million shares

Outstanding common shares = 16,000,000 shares

Therefore, the number of Levi's common shares that were outstanding on 12/31/2020 is 16,000,000 shares.

Full information

The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders’ equity 12/31/2021 12/31/2020

Common stock, $5 par; 29 million shares authorized; 24 million shares issued and 19 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020.

$120million $95million

Additional paid-in capital on common stock 529million 401million

Retained earnings 206million 166million

Treasury common stock, at cost, 5 million shares at 12/31/2021 and 3 million shares at 12/31/2020 (81million) (59million)

Total shareholders’ equity $774million $603million